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Dollar, gold to boost foreign reserves

May 11, 2019

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MINISTER of Finance Margaret Mwanakatwe (right) distributing copies of the 2018 Economic Report for Zambia to Trade Kings Group public relations and corporate affairs manager Bridget Kambobe (centre and Atlas Mara head of public sector and NGOs Helen Lunda in Lusaka yesterday. PICTURE: MACKSON WASAMUNU

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NANCY MWAPE and STEVEN MVULA, Lusaka
GOVERNMENT has started boosting foreign reserves through payment of mineral royalty in United States dollars and holding reserves in gold, Minister of Finance Margaret Mwanakatwe has said.
By the end of February this year, Zambia’s reserve position was at US$1.43 billion, representing 1.6 months of import cover from US$1.56 billion [1.8 months of import cover] at the end of December last year.http://epaper.daily-mail.co.zm/